According to the latest market study released by Technavio, the T&D equipment market in Europe is expected to grow at a CAGR of around 4% during the forecast period.
This research report titled ‘T&D Equipment Market in Europe 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
According to Thanikachalam Chandrasekaran, a lead analyst at Technavio for power research, “In Europe, the investment in transmission and distribution equipment is likely to rise due to the increase in aggressive renewable energy mandates by the EU. The wind power generation, especially from offshore wind turbine installations in the North Sea, will require different types of T&D equipment, including switchgear and control gears, power cables, power transformers, and distribution transformers.
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